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Fitch lowers Turkey’s economic growth forecast for second time in 2 months: report

Fitch lowered its economic growth forecast for Turkey for the second time in two months, citing the collapse in the tourism industry, the Ahval...

Fitch cuts rating of Turkey’s Halkbank, lowers outlook of state-run banks: report

Fitch Ratings has cut the Long-Term Foreign-Currency Issuer Default Rating (LTFC IDR) of Turkey’s state-run Halkbank, citing the nation’s declining foreign currency reserves and the risk of...

Turkey’s state-owned Halkbank deemed weakest on Fitch stress test

Fitch Ratings on Thursday said Turkey’s three major state-owned banks are less equipped to deal with a potential deterioration in asset quality than their privately owned peers,...

Fitch eases 2019 contraction forecast for Turkey: report

Fitch ratings has revised its contraction forecast for Turkey from 1.1 percent to 0.3 percent, stating that the country’s economy performed better than expected during the second...

Fitch downgrades 12 foreign owned, 2 state banks’ ratings: statement

New York-based Fitch Ratings, one of the big three credit ratings agencies, has downgraded the support-driven Long-Term Foreign Currency Issuer Default Ratings (LTFC IDRs) of 12...

Fitch downgrades Turkey’s rating, cites sacking of central bank governor

Ratings agency Fitch downgraded Turkey’s sovereign rating to “BB-“ on Friday, saying the dismissal of its central bank governor heightens doubts over the authorities’...

Fitch downgrades its growth forecast for Turkey amid currency crisis

Fitch Ratings has revised its growth forecast for Turkey to 3.8 percent in 2018 and 1.2 percent in 2019, lowering it by 0.7 percent...

Fitch downgrades Turkey’s already ‘junk’ rating

Ratings agency Fitch on Friday downgraded its already “junk” rating on Turkey’s sovereign debt, citing a widening current account deficit, a jump in inflation...

Turkish stocks fall as banks put on Rating Watch Negative by Fitch

The Turkish stock exchange’s 100 Index and the lira closed the week in poor condition after a promising but brief recovery in advance of...

Lira slides further as Fitch set to review Turkey’s rating

The Turkish lira started Friday in a negative position as Fitch, the only major credit rating agency that keeps Turkey within investment grade territory,...

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